Tribpedia: Teacher Retirement System

The Teacher Retirement System is responsible for investing the funds for the purpose of providing retirement and health benefits to public school employees in Texas. The fund is sustained by contributions from members, matching state funds and investment revenue.

TRS was created by the Legislature in 1937 in response to the demands of teachers represented by groups such as the Texas ...

State Workers Want Pensions to Catch Up

Thousands of retired Texas state workers are essentially stuck in 2001. Though health care, food and pretty much everything else keep getting more expensive, they haven't seen a cost-of-living increase in their monthly pension checks since Gov. Rick Perry’s first year in office, and their purchasing power has dropped by about 25 percent.

A public education rally at the Capitol on March 11, 2013, sponsored by the Texas chapter of the American Federation of Teachers.
A public education rally at the Capitol on March 11, 2013, sponsored by the Texas chapter of the American Federation of Teachers.

Teacher Groups Ask For Health Care Help — Again

Teacher groups on Thursday renewed their call for the Legislature to put more money into a health insurance plan that has seen school employees foot an increasing share of the premiums as the state contribution has remained the same.

Picture of one of millions of letters sent you by the Comptroller's office after it was discovered that the personal information of more than three million people was left unprotected for a year.
Picture of one of millions of letters sent you by the Comptroller's office after it was discovered that the personal information of more than three million people was left unprotected for a year.

Comptroller Offers Help After Data Mishap

Frustrated state employees continue to search for help — and answers — after the comptroller's office accidentally left sensitive personal data on an open server for anyone to see.

Texplainer: Can Wisconsin Happen Here?

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Gov. Scott Walker should come to Texas, where much of what he’s seeking already exists. The right to bargain collectively isn’t allowed among state employees, and no public employee in Texas may legally go on strike. 

Lawmakers Mull Reductions to Pension Plans

As Texas lawmakers look to slash billions in state spending, pension plans have become fair game. Mose Buchele of KUT News reports on a legislative proposal to decrease state contributions to two retirement plans that collectively serve hundreds of thousands of Texans.

Republican Rick Perry and Democrat Bill White
Republican Rick Perry and Democrat Bill White

2010: White Accuses Perry of "Milking" TRS

Top appointees and employees at the state Teacher Retirement System overrode staff recommendations in order to hire political cronies and business associates for investment work there, Democratic gubernatorial nominee Bill White charged Tuesday. A spokesman for Gov. Rick Perry's campaign says White is "throwing everything at the wall to see what will stick."

Doubling Down on Pension Losses?

When the economy tanked, public pension funds across the country — including here in Texas — lost billions. Some funds are looking to put more money into private equity, which promises big returns and carries big risks. As Matt Largey of KUT News reports, it could be doubling-down on losses already suffered.

No Experience Necessary

Few members of the State Board of Education have finance expertise. Should we be concerned that they manage the investments of the $23 billion Permanent School Fund?

TribWeek: In Case You Missed It

Ramsey and others on Bill White and the changing state of the race for governor; Thevenot's two-parter on what Dallas churches are doing to combat social ills and racial division; Ramshaw on the use of force by school district police departments (and why parents don't know about it); Grissom's two-parter, abetted by Stiles, on unregulated payday lenders; Aguilar on Mexican immigrants who play against type; and Rapoport on those missing extra checks for retired public employees. The best of the best from November 21 to 25, 2009.

The Checks Aren't in the Mail

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Sorry, retired teachers and other public employees: You'll have to do without that extra $500 you were expecting. And you shouldn't count on any additional benefits next year — not if the state pension fund continues to be, in the words on one state senator, "actuarially unsound."